Cott, Methanex, Shoppers Drug Mart, Wild Stream: Canadian Equity Preview
Canadian Pacific Railway Ltd. (CP CT): Canada’s second- largest railroad said it will issue $350 million in debt to raise funds for a voluntary prepayment to its defined benefit pension plans.
Cott Corp. (BCB CT): The maker of non-alcoholic drinks received a “buy” rating in new coverage from Marc Greenberg, an analyst at Deutsche Bank AG.
Crescent Point Energy Corp. (CPG CT): The company, which produces oil and gas in western Canada, said it will sell 10.3 million shares at C$36.60 a share, in part to fund an increased plan of capital expenditures and a land acquisition. The shares rose 0.2 percent to C$37.39 yesterday.
Methanex Corp. (MX CT): The world’s largest methanol producer had its rating cut to “sector perform” from “sector outperform” by Jacob Bout, an analyst at Canadian Imperial Bank of Commerce.
Shoppers Drug Mart Corp. (SC CT): The retailer’s chief executive officer, Jurgen Schreiber, is scheduled to address the Scotia Capital Back to School Conference at 11:40 a.m. in Toronto. Shoppers is Canada’s largest drug-store chain.
Wild Stream Exploration Inc. (WSX CV): The company, which explores for oil and gas in western Canada, said it will sell at least 4.7 million shares at C$6.45 a share. Wild Stream, which had 37 million shares outstanding as of Aug. 31, rose 1.5 percent to C$6.65 yesterday.